Off the wire
• Lula da Silva accepts to be presidential candidate despite prison sentence  • 1st LD Writethru: UN humanitarian chief calls for urgent int'l action as violence escalates in Syria  • U.S. dollar ticks down  • South Atlantic Cable System from Angola to reach Brazilian coast on Friday  • Hollywood actor criticizes U.S. gov't for pulling out of Paris climate agreement  • Merkel calls for solidarity on refugees, asylum seekers ahead of EU summit  • Lula da Silva accepts to be presidential candidate despite prison sentence  • Hollywood actor criticizes U.S. gov't for pulling out of Paris climate agreement  • Lula da Silva accepts to be presidential candidate despite prison sentence  • Hollywood actor criticizes U.S. gov't for pulling out of Paris climate agreement  
You are here: 　

Gold futures rise on weakened greenback

Xinhua,February 23, 2018 Adjust font size:

CHICAGO, Feb. 22 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose slightly on Thursday as the U.S. dollar weakened.

The most active gold contract for April delivery went up 60 cents, or 0.05 percent, to close at 1,332.7 U.S. dollars per ounce.

The U.S. dollar index, which measures the buck against six rivals, went down 0.39 percent to 89.78 as of 1900 GMT.

Gold and the dollar typically move in opposite directions, which means if the dollar goes down, gold futures will rise.

As for other precious metals, silver for March delivery fell three cents, or 0.18 percent, to settle at 16.587 dollars per ounce. Platinum for April added 2.8 dollars, or 0.28 percent, to close at 999.4 dollars per ounce. Enditem

 

Related News & Photos